Calculations Supporting Analysis: Wooden Bicycle Segment,

Exhibit 1 Purpose: To show calulations supporting the analysis 1. Wooden bicycle segment Carrying value$7,900,000 FV$7,000,000 less of Cost of disposal$(300,000) $6,700,000 Wooden bicycle's value is $6700,000 Loss from the write-down$1,200,000 Tax rate0.3 Post-tax loss$360,000 $283,500 Tax rate0.3 Post-tax loss$85,050 Conclusion: total of loss from discontinued operation is $445,050 3. Depreciation Manufacturing assets 2021 2020 adjusted2020 unadjusted Depreciation expense200002000010000 Accumulated expense400002000010000 Net book value600008000090000 Conclusion: depreciation expense of 2021 is $20000, and that of 2020 is adjusted to $20000